ADVISORY, July 9, 2010 (GLOBE NEWSWIRE) --
New York City Economic Development Corporation (NYCEDC) and FirstMark Capital will visit the NASDAQ MarketSite in New York City's Times Square. They will be joined by MyCityWay, the first company seeded by the NYC Entrepreneurial Fund.
In honor of the occasion, representatives will ring the NASDAQ Closing Bell.
- Seth W. Pinsky, President, NYCEDC
- Lawrence Lenihan CEO and Managing Director, FirstMark Capital
- Puneet Mehta, Co-Founder, MyCityWay
- Archana Patchirajan, Co-Founder, MyCityWay
- Sonpreet Bhatia, Co-Founder, MyCityWay
NASDAQ MarketSite – 4 Times Square – 43rd & Broadway – Broadcast Studio
Monday, July 12th, 2010 at 3:45 p.m. to 4:00 p.m. ET
+86 10 5985 9538
The Closing Bell is available from 3:50 p.m. to 4:05 p.m. on AMC-3/C-3 (ul 5985V; dl 3760H). The feed can also be found on Ascent fiber 1623. If you have any questions, please contact Robert Madden at (646) 441-5045.
An audio transmission of the Closing Bell is also available from 3:50 p.m. to 4:05 p.m. on uplink IA6 C band / transponder 24, downlink frequency 4180 horizontal. The feed can be found on Ascent fiber 1623 as well.
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About the NYC Entrepreneurial Fund:
The NYC Entrepreneurial Fund was established with $3 million of capital from New York City Economic Development Corporation. The Fund will invest in early-stage and potential follow-on investments with FirstMark Capital, which will contribute up to an additional $19 million. FirstMark Capital will offer industry insight, proprietary relationships and operational expertise to the seeded companies in helping reach their ultimate potential. The firm will be responsible for sourcing and evaluating potential investments, negotiating terms and conditions, and closing each seed investment; it will also monitor the performance of the companies in which its funds and the NYC Entrepreneurial Fund are invested; and it will actively work with other leading venture firms and seed investors in New York City to co-invest in these opportunities. Interested companies and entrepreneurs can apply online at http://www.firstmarkcap.com/firststeps.
New York City Economic Development Corporation is the City's primary vehicle for promoting economic growth in each of the five boroughs. NYCEDC's mission is to stimulate growth through expansion and redevelopment programs that encourage investment, generate prosperity and strengthen the City's competitive position. NYCEDC serves as an advocate to the business community by building relationships with companies that allow them to take advantage of New York City's many opportunities. Find us on Facebook to learn more about NYCEDC projects and initiatives.
About FirstMark Capital:
Based in New York City, FirstMark Capital invests in ground-breaking companies that are creating new markets with innovative technology solutions or fundamentally changing existing markets by applying a fresh approach and new business model. A venture leader with nearly $2 billion in capital commitments, FirstMark's team of investment and operations professionals have decades of real-world experience and leadership in core technology markets, making the firm uniquely qualified to offer industry insight, relationships and the operational expertise to build lasting businesses. Current investments include: SecondMarket, Riot Games, Dovetail, Knewton, Conductor, Clickable and Lumos Labs. For more information, please visit http://www.firstmarkcap.com.
MyCityWay is a one-stop application platform to discover, interact with, experience and share information in any city. Tailored for use by local residents and visitors alike, MyCityWay brings together myriad local utilities all conveniently located in one app. The winner of the NYC Big Apps Competition for Popular Choice and Investor's Choice, MyCityWay has gone on to develop and launch city applications for Boston, Chicago, Los Angeles, San Francisco Washington D.C. and London. Visit iTunes or www.mycityway.com to download the free app today.
About NASDAQ OMX:
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook (http://www.facebook.com/nasdaqomx) and Twitter (http://www.twitter.com/nasdaqomx).
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